Short-Term Price Movement and Sector Influence
The stock opened with a gap up of 5.02%, signalling strong buying interest at the start of the trading session. It reached an intraday high of ₹128.60, representing a 5.02% increase from the previous close. This upward movement is consistent with the Chemicals sector, which also gained 4.61% on the same day, suggesting that sector-wide factors are supporting the stock’s rally.
Despite this positive price action, the weighted average price indicates that more volume was traded closer to the lower end of the day’s price range. This suggests some caution among traders, possibly reflecting profit-taking or selective buying at lower levels.
Technical Indicators and Trading Volumes
From a technical...
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